April GST mop-up notwithstanding, Rs 1.5 trn a month may not happen in FY23

CBIC to focus on scrutiny of returns and audit for better compliance during current fiscal; finance ministry official sceptical, says April usually has high collection due to payment of arrears

The record collection from the goods and services tax (GST) of Rs 1.68 trillion has raised hopes that finally the near five-year-old indirect tax regime may yield Rs 1.5 trillion a month sooner than later. However, this may not happen during the current financial year.

A key finance ministry source said achieving Rs 1.5 trillion a month is difficult during 2022-23.

"My hunch is that the average revenue per month may go up to Rs 1.3-1.35 trillion this financial year," he said.

The Central Board of Indirect Taxes and Customs (CBIC) will focus on two things for better compliance during